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Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2011 is it ok for a pharmaceutical co. to deal is buying and selling of rice??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 August 2011 if you get registered in FIEO then possible ...

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2011 thank you sir for your reply.. i still have a few doubts in this..
1. why only FIEO??
2. just in case they are not, what should be done if they have already shown it in their sale and purchase??

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 August 2011 http://dgftcom.nic.in/exim/2000/procedures/proc05/bchap-03.htm

see para 3.12.1.1 mentioned that:-

If the export product is such that it is not covered by any EPC, RCMC in respect thereof may be issued by FIEO.

RG - A Helping Hand

RG - A Helping Hand (Expert)
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09 August 2011 from company law point of view there is some problem.

With Pharma objects a company can not sell rics with putting the same in its object clause.

plz check the object clause.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 August 2011 i agreed with Garg Ji.

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2011 ok... thank